From Yahoo Finance: 2025-05-08 12:42:00

HanesBrands Inc. (NYSE: HBI) stock rises after reporting better-than-expected first-quarter 2025 earnings. Sales grew 2.1% to $760.148 million, beating analyst estimates. U.S. net sales declined 1%, but operating margin rose to 20.9%. International net sales declined 2% due to FX headwinds but rose 4% in constant currency.

Adjusted gross profit grew 6% to $316 million, with a gross margin rising to 41.6%. Adjusted operating profit rose 61% to $81 million. Inventory fell 5% to $977 million. Operating cash outflow was $108 million, while free cash outflow was $119 million.

CEO Steve Bratspies commented on the full-year outlook, expecting to mitigate cost headwinds from U.S. tariffs. Second quarter sales are anticipated to be $970 million, with adjusted EPS of $0.18. The 2025 outlook reaffirms sales guidance of $3.47 billion to $3.52 billion and adjusted EPS of $0.51 to $0.55.

Read more: HanesBrands Posts Strong Q1 Despite Tariff Headwinds, Stock Soars